New Delhi: The Ministry of Commerce & Industry informed that India’s merchandise exports
in October 2024 increased by 17.25 per cent to USD 39.2 billion against USD 33.43 billion a year ago.
Items which recorded positive growth during October 2024 over the corresponding month of last year: Cereal Preparations & Miscellaneous Processed Items (13.35%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.89%), Carpet (16.78%), Cashew (7.22%), Fruits & Vegetables (15.91%), Jute Mfg. Including Floor Covering (37%), Oil Seeds (2.65%), Rmg Of All Textiles (35.06%), Tobacco (34.3%), Handicrafts Excl. Hand Made Carpet (32.66%), Coffee (32.38%), Spices (30.91%), Organic & Inorganic Chemicals (27.35%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (25%), Exports of Rice (85.79%), Electronic Goods (45.69%), Plastic & Linoleum (23.3%), Engineering Goods (39.37%), Handloom Products Etc. (6.97%), Marine Products (3.88%) Leather & Leather Products (12.33%), Tea (9.3%), Gems & Jewellery (8.77%), Drugs & Pharmaceuticals (8.21%), Meat, and Dairy & Poultry Products (7.71%).
India’s top exports during April-October 2024
- The government mentioned that India’s Merchandise exports in October 2024 was USD 39.20 billion, while it was USD 33.43 billion during October 2023. The merchandise exports during April-October 2024 was recorded at USD 252.28 billion, as against USD 244.51 billion during April-October 2023.
- The country’s non-petroleum & non-gems and Jewellery exports recorded a surge of 27.68 per cent from USD 24.56 billion in October 2023 to USD 31.36 billion in October 2024.
- Organic & Inorganic Chemicals, RMG of all Textiles, Electronic Goods, Engineering Goods, and Rice were the major drivers that led to the growth of merchandise exports in October 2024
- Organic & Inorganic Chemicals exports recorded a 27.35 per cent increase, i.e., it rose from USD 2.14 billion in October 2023 to USD 2.72 billion in October 2024.
- RMG of all Textiles exports rose by 35.06 per cent from USD 0.91 billion in October 2023 to USD 1.23 billion in October 2024.
- Engineering Goods exports: The category posted a surge of 39.37 per cent from USD 8.08 billion in October 2023 to USD 11.26 billion in October 2024.
- Electronic Goods exports rose by 45.69 per cent from USD 2.36 billion in October 2023 to USD 3.43 billion in October last year.
- Rice exports increased by 85.79 per cent from USD 0.57 billion in October 2023 to USD 1.05 billion in October 2024.
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